Biggest Retirement Fund Takes Coke Off List of Socially Responsible Compan

[Omaha Steve]

Story: http://www.laborradio.org/node/3778

Biggest Retirement Fund Takes Coke Off List of Socially Responsible Companies - 07/21/06

By Jesse Russell

The largest retirement fund in the U.S. has sold off 1.2 million shares in Coke stocks. KLD Research and Analytics has removed the company off of its list of socially responsible companies. Issues include marketing high calorie drinks to children as well as reports of environmental irresponsibility in India and labor and human rights issues in Colombia. The stock in the fund was worth $52.4 million and belonged to more than 430,000 pension clients. Critics have claimed that the company is responsible for the murder of a union activist in Colombia as well as other violence against unions in that country. KLD is also upset with the amount of time it has taken the soft drink company to remove products from schools.

[KansDem]

1. Good move...

I gave up high-fructose corn syrup drinks in January, 1980.

It makes sense that a retirement fund divests of Coke since a lot of retirees might wind up suffering from life-threatening conditions, such as diabetes, after a lifetime of consuming it.

:applause:

[dipsydoodle]

2. It's great stuff

for cleaning small metal parts like the hooks and nuts etc. on 100 year old banjos. You need to be careful though - if you leave the parts in for too long it strips the plating as well.

Mind you - it isn't actually sold for that purpose but I'm sure you'll get my drift.

edit - spelling mistakes